Netflix is making significant strides in India, a market that has historically been challenging for its competitors. In the second quarter, India emerged as the second-highest contributor to Netflix's net subscriber growth and the third-highest in terms of revenue growth. The company attributes this success to its localized content strategy...
Paramount Global Sells Stake in Viacom18 to Indian Company
Paramount Global has divested its entire 13% stake in Indian TV and streaming company Viacom18 to India's Reliance Industries for approximately $517 million. Reliance was already the majority owner of Viacom18 prior to this transaction. This deal comes shortly after Reliance announced a landmark $8.5 billion merger agreement between its...